BTC and Cable Bahamas oppose URCA's publication of accounts

Tue, Feb 7th 2012, 10:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE publication of separate accounts and cost accounting information is being opposed by the Bahamas' two leading communications providers who described the requirement as "disproportionate" and "not fit for purpose."

In response to the Utilities Regulations and Competition Authority (URCA's) public consultation document on proposals for publication of accounting separation and cost accounting information, both the Bahamas Telecommunications Corporation (BTC) and Cable Bahamas Limited (CBL) said that the publication of separated (regulatory) accounts was unlikely to achieve the main objectives ...

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